Vineyard, UT House Hack

[Brandon Hunsaker]

I've been out of college for about 6 months now and am looking to house hack my first deal.  I am brand new to real estate so I am looking for a lower risk option that could give me some experience.  I'm interested in the Vineyard, UT area because its close to my work and caters to the college crowd/early professionals.  Multi-family is out of my budget, but I found a townhome that I thought would work well for me to live in and rent out the additional rooms.  I wouldn't cashflow enough to fully pay the mortgage, but I feel this would be a good vehicle for me to build equity and then in a few years I could use the equity in the townhome to help me finance a duplex.  Does anyone have any suggestions on what analysis I could do to verify my if my idea of using the townhome as an equity vehicle is feasible?